Near Protocol (NEAR), XRP, Shiba Inu (SHIB) and Bitcoin (BTC) Price Analysis for October 10: Crypto Goes Downhill

Crypto majors and large-cap altcoins are consolidating after sharp pullbacks, with traders watching key moving averages for the next directional move.

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NEAR trades near $4.79 after a rough few days. The coin ran from about $1.60 in late August to nearly $5.60 in late September, a gain of more than 250%. Since then, price has failed three times to close above $5.60, which makes that level the main ceiling.

The latest red candle was the biggest drop of the move. NEAR fell to $4.44 on high volume, then bounced and is now green. The low touched the 20-day average, which sits near $4.35, and buyers stepped in right there, which is a good sign. A bounce from a rising average often means the trend is still alive. The 50-day average is near $3.67 and the 200-day is near $2.45.

RSI has cooled from the overbought zone and now sits in the mid-50s. That removes some of the heat from the rally and leaves space for another push. Volume fell on today’s bounce, so buyers still need to prove they are back.

The wider picture still favors bulls. Every moving average points up, and they sit in the right order. Price is far above all of them, so a pullback has lots of room before the trend breaks. A close above $5.60 would open a new high. If $4.35 breaks, expect a drop toward $3.80 and then the $3.60 area.

What happens next: The first goal is $5.00. A daily close above it would put $5.60 back in play. Until NEAR closes above $5.00, the price will likely move sideways between $4.35 and $5.60.

XRP trades near $1.38 after falling from the $1.50 zone. The coin is now right on top of the 200-day average, the black line near $1.38. This is the most important level on the chart, and how XRP closes here will set the next move.

The drop was sharp. A large red candle took price through the 20-day and 50-day averages. A long wick then reached $1.32 before buyers pushed price back up. That wick shows demand near the 100-day average, the orange line around $1.335. Earlier, XRP broke above a falling trend line in September and reached $1.65. That move was strong, but price could not hold above $1.55, and the coin has now given back most of those gains.

RSI is near 42, which is weak but not oversold. Volume on the latest candles is low. That means sellers are not very aggressive, but buyers are not either.

Above price, several averages bunch up between $1.40 and $1.46, and they will act as resistance. XRP needs a daily close above $1.46 to show real strength. If XRP holds the 200-day line and closes above $1.40, a move to $1.45 and then $1.50 is likely. If the line breaks, the next support is $1.33, followed by the $1.25 area, where price bounced in mid-September. A close below $1.25 would turn the trend bearish.

For now, the $1.33 to $1.40 range decides the next move.

SHIB trades near $0.00000536 after a sudden sell-off. Price fell from the $0.00000600 area and dropped below the 200-day average, the black line near $0.00000565. That was the main reason for the fall. SHIB could not hold above this line, and sellers took over fast.

The drop stopped at the orange line, the 100-day average near $0.00000529. A long wick went down to $0.00000510, but buyers pushed price back up. Today’s candle is green, which shows some demand at this level. The 100-day line is now the key support.

RSI is near 45, which is neutral and slightly weak. Volume on the bounce is low, so buyers are not very confident yet. The drop itself came with higher volume, which gives sellers the edge for now.

Above price, there is a crowded zone. The 20-day and 50-day averages sit near $0.00000545 to $0.00000548, and the 200-day line is at $0.00000565. These levels will slow any bounce. SHIB needs a daily close above $0.00000565 to show real strength. If SHIB holds $0.00000529 and moves above $0.00000548, a test of $0.00000565 is likely. A close above that line could open the way to $0.00000600.

If $0.00000529 breaks, the next support is $0.00000500, where price bounced in mid-September. A close below $0.00000500 would put the $0.00000470 area in play.

For now, SHIB stays in a tight range between $0.00000510 and $0.00000565.

Bitcoin trades near $82,949 after a drop from the $87,000 area. Price fell to $80,300 and then bounced back, closing today in the green. The bounce came right at the 20-day average, the light blue line near $80,700. This is a healthy sign in an uptrend.

The 50-day average is near $79,800, the 100-day is near $75,900, and the 200-day is near $75,200. All the main averages point up, and price is well above all of them, so the trend is not in danger yet.

RSI is near 45. It cooled down from the high levels seen in August and September, which gives room for another move up without being overheated. The latest drop also came with the highest volume in weeks, so sellers are active.

The bigger picture is still bullish. Since August, BTC has climbed from $63,000 to $87,000. A close above $87,000 would open a path to new highs near $90,000.

BTC has failed twice to hold above $87,000, and that level is now strong resistance. If $80,000 breaks, the next support is the 50-day average near $79,800, then $77,000. A close below $75,000 would break the 100-day and 200-day lines and turn the trend weak.

The first goal is $85,000. A close above it would put $87,000 back in play. Until $75,000 breaks, buyers hold control, and dips toward $80,000 look like chances to buy.